Statistical Trend Length Analysis (Quant indicator) by JamesRkaye

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This is the only Quantitative type indicator I can find on TradingView (which means it uses automated back testing to determine probability in a mathematical way), although there could be some I just haven't seen them.

This indicator back-tests ALL of the data, calculates the length of all past trends, and does a statistical analysis of trend changes at different levels. The more recent data is more accurate as it learns as the indicator goes along.

These levels can be used in regression to the mean trading, as it gives you an idea of the statistical likeliness of a trend change or pullback occurring in each zone. An average trend length is a very good point to enter when trading a pullback within a trend, although without a complex analysis like this it would be impossible to determine where that is.

PM me for access, and more details on strategies that can be implemented using this indicator.

Release Notes:

fixed a tradingview update bug

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact JamesRkaye for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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